LONDON: ‘ FTSE falls as bond sell-off, Johnson Matthey weigh ‘

#AceFinanceReport – LONDON:June.04: The FTSE 100 fell on Thursday, led lower by speciality chemicals maker Johnson Matthey after results, amid a broad sell-off in equities as bond yields ticked higher.

Johnson Matthey, the world’s largest maker of auto catalysts, fell 3.4 percent, among the top FTSE 100 fallers.

FTSE falls as bond sell-off, Johnson Matthey weigh

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LONDON: ‘ Bond market sell-off rumbles on, stocks feel the pinch ‘

#AceMarketsNews – LONDON (Reuters):June.04: A persistent sell-off in bond markets left financial market confidence in short supply on Thursday, with stocks lower globally and not even traditional safe havens like gold and the Swiss franc providing much of a refuge

Bond market sell-off rumbles on, stocks feel the pinch

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HONG KONG: ‘ Tesco hires HSBC to explore sale of $6 billion South Korea unit – sources’

#AceFinanceNews – British retailer Tesco is exploring the sale of its South Korean operations, valued at about $6 billion (4 billion pounds), and has hired HSBC as the financial adviser, people familiar with the matter told Reuters on Thursday.

Tesco hires HSBC to explore sale of $6 billion South Korea unit – sources

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GREECE: ‘ Tsipras has Constructive late night Talks but still no Deal ‘

#AceFinanceNews – Featured Update:Greece:June.04: Greek prime minister Alexis Tsipras had "constructive" talks with the presidents of the European Commission and Eurogroup on Wednesday night (3 June) in Brussels but no agreement was found to unblock a €7.2 billion loan.

Speaking to reporters afterwards, Tsipras said the two sides were "very close" to a deal but said that the "realistic proposals" were those put forward by his government.

The commission noted that it was a “good and constructive” meeting”.

“Progress was made in understanding each other’s positions on the basis of various proposals," it added, indicating that both Greece’s proposal and a common proposal by its creditors were discussed.

Before the meeting, an EU source told EUobserver that "the offer on the table is the creditors’ proposal, it’s the only one that matters," adding that the Greek PM had not received the document before traveling to Brussels.

The proposal had been readied by the EU, the European Central Bank (ECB) and the International Monetary Fund (IMF) after a high level meeting in Berlin on Monday night (1 June).

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